Innovating Family Office Investment With Series LLCs, Tailored Policy Statements

Everett Alexander
April 8, 2024

Typically, a single-family office creates one investment policy statement to govern the investment goals for the entire family. Investments (i.e., fixed income, equities, alternatives) are generally co-mingled into one entity, typically a Limited Liability Corporation (LLC), with family member beneficiaries sharing a pro-rata member interest in the LLC based upon their share of the assets. But is that the right way to manage a multigenerational office?

In this article for Family Wealth Report, Wingspan’s Everett Alexander discusses why a one-size-fits-all approach to investment policy does not always make sense for a family office that will span multiple generations with differing needs and time horizons. He instead outlines an alternative: the Series LLC, in which multiple generations of the family can have different LLCs with varying investment policy statements. In so doing, families can ensure investment flexibility for the future.

Read Everett’s full article in Family Wealth Report.

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About Everett Alexander

Everett brings a wealth of experience and expertise to Wingspan, having previously served as a trusted advisor to family offices in roles such as CIO and COO.